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Loading the calculator…Five inputs from the chargeable-event certificate. Total gain, slice, and tax-deferred allowance remaining — for the back-of-envelope check before you open a case.
Current bond value if fully surrendered today.
Initial + any top-ups since inception.
Cumulative across all policy years. 0 if none.
Gains already taxed in prior tax years. 0 if none.
Whole policy years to date. The cumulative 5% allowance caps after 20 years.
Quicktool figures hand off to the full bond calculator with your gain, complete-years and bond type pre-filled — pick a case there to archive with audit trail + PDF.
Forward-looking modeller
Client wants to take cash out — full surrender, partial under the 5% allowance, or surrender K whole segments. Effective tax rate compared on the cash actually raised; cheapest route highlighted.
Net cash the client is asking to extract.
Salary, self-employed, pension, rental — gross.
Interest + dividends excluding the bond gain.
Onshore bonds carry a deemed 20% basic-rate credit; offshore do not.
Most bonds are sold as 100 or 1,000 mini-policies. Check the schedule.
Year the chargeable event will fall in.
Full surrender
Whole bond surrendered now
IPTM 3505 · whole-bond chargeable event
Partial withdrawal
Withdraw under the 5% pool
IPTM 3540 · 5% allowance + excess event
Segment surrender
14 of 100 segments
IPTM 3520 · K segments as full events
For planning and illustration purposes only · This tool does not constitute financial or tax advice.